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Tuesday, June 18, 2024

Tolls adjusted up on four expressways as VAT back to 10%

The Saigon Times

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HCMC – Tolls on four expressways in the country have increased slightly since January 1, 2023, as the value-added tax (VAT) was adjusted up from 8% to 10%, according to the Vietnam Expressway Corporation (VEC).

The four expressways are Noi Bai-Lao Cao, Cau Gie-Ninh Binh, Danang-Quang Ngai and HCMC-Long Thanh-Dau Giay.

The fee for passenger vehicles on the entire route of the Phap Van-Ninh Binh Expressway increases from VND103,000 to VND110,000.

Passenger vehicles are charged VND102,000 on the HCMC-Long Thanh-Dau Giay Expressway, instead of VND98,000 before January 1.

The Government cut the value-added tax on expressway services from 10% to 8% from February 1 to December 31, 2022, in accordance with the National Assembly’s resolution intended to support businesses and households in the post-pandemic economic recovery effort.

Electronic toll collection has been applied on those four roads since August 2022, so road users can no longer benefit from rounding up the fees.

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